By Devika Patel
Knoxville, Tenn., Sept. 30 - Augean plc said it took in £13 million in a private placement of shares.
The company sold 34,210,522 ordinary shares at 38p each.
Singer Capital Markets Ltd. was the agent.
Proceeds will be used to reduce debt and to provide additional working capital.
Augean is a waste and resource management company based in West Yorkshire, England.
| Issuer: | Augean plc
|
| Issue: | Ordinary shares
|
| Amount: | £13 million
|
| Shares: | 34,210,522
|
| Price: | 38p
|
| Warrants: | No
|
| Agent: | Singer Capital Markets Ltd.
|
| Settlement date: | Sept. 30
|
| Stock symbol: | London: AUG
|
| Stock price: | 42.84p at close Sept. 30
|
| Market capitalization: | £30.1 million
|
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